Jockey & Speedo brands lead the segment
For 2015-16, Page Industries recorded sales of Rs. 1,749.48 crores, registering a growth of 15.56 per cent over the previous year. Net profit for the year stood at Rs. 232.66 crores, registering a growth of 18.69 per cent over the previous year.
Mr. Sunder Ashok Genomal, Managing Director, Page Industries Ltd., said: “We witnessed a growth-driven and result-oriented fourth quarter in 2015-16. Sales and net profits have been encouraging.”
Under the JOCKEY brand the company launched POP colour innerwear for women, a vibrant and refreshingly youthful range in super-combed cotton elastane stretch fabric, complimented by trendy neon trims and fashionable prints. The response at the stores to this range has been overwhelming. It opened its 265th JOCKEY Exclusive Brand Store during the quarter. Each of these stores has received an overwhelming response from customers, motivating the company to take rapid strides in store expansion across potential markets.
“The fourth quarter has taken the SPEEDO brand to 1060 plus stores, including large format stores across 104 cities and nine Speedo exclusive brand outlets located in Delhi, Gurgaon, Mumbai, Bangalore, Chennai and Pune. The performance so far has been extremely heart- warming,” added Mr. Sunder Ashok Genomal.
Speedo International Ltd. is a manufacturer and distributor of swimwear and swim-related accessories, based in Nottingham, UK.
JOCKEY products are retailed by Page Industries through 265 Exclusive Brand Stores and 44,000 + retail stores in 1,400 plus cities and towns across India. As on March 31, 2016, Page Industries has 20,000 employees, spread over 12 state-of-the-art spread over 1.78 million sq.ft. floor area in Bengaluru, Mysore, Hassan, Gauribidanur and Tiptur.
Founded in Sydney, Australia in 1914, the industry leading company is now a subsidiary of the British Pentland Group. Speedo products include swimwear, watershorts, apparel and footwear.
Speedo International appointed Page Industries as its sole licensee for manufacturing, marketing and distribution of the SPEEDO brand in India. The licence period officially commenced in January 2012. From a turnover of Rs. 160 million in the first year, the company has achieved an annual turnover of Rs. 295 million in 2015-2016.